The 2017 autumn budget – what does it mean for you?

In short, today’s budget saw economic growth forecasts revised from 2% to 1.5% in 2017 and further drops from original forecasts in subsequent years. Government borrowing deficit figures have also been revised and will reduce at a slower pace. However £3bn has been set aside to ease the transition into Brexit and there’s an extra […]

Enter Citrus Mortgages 10th Anniversary Competition

Win an Amazon Echo Dot! In celebration of our 10th anniversary we’re giving away an Amazon Echo Dot every day for 10 days starting from 10th August! The Amazon Echo Dot uses Alexa voice control to act as your personal assistant. Play music, set alarms, control smart devices, read the news or find out information.[…..]

It’s Our 10th Anniversary!

We can’t quite believe it but we’ve been running Citrus Mortgages for 10 years this month! Here’s a little look back at how things have grown… 10th Anniversary Competition In celebration of our 10 years in business, we’re going to be running a competition for 10 days from August 10th where 10 lucky people can[…..]

Right to Buy Mortgage Advice

Citrus Mortgages are Right to Buy mortgage specialists. The following is a brief introduction to how Right to Buy works. The Right to Buy scheme was first introduced in the 1980’s by Margaret Thatcher, the scheme has allowed council house tenants in England that have been paying rent, to buy their properties at a discounted[…..]

100% Mortgage – 3 Year Fixed Rate at 2.34%

We have access to a lender who is offering a 100% Loan to Value product for First Time Buyers and Homemovers having difficulty saving a deposit. This is a “Helping Hand” mortgage where the lender will allow an applicant’s parents to act as a guarantor (regardless of age or income). Lenders fee £650 plus valuation[…..]

How to select a property for Buy to Let

Choosing you property depends on the type of tenant you are looking for rather than the type of property you yourself would like to live in. Put yourself in the shoes of your target tenant and what their needs are. Students, young professionals and families all have different wants. Access to schools, transport links, size of property, storage space, décor,[…..]

Lenders criteria for a Buy to Let mortgage

Buy to let mortgage lenders typically want rent to cover 125% of the mortgage repayments so they can be comfortable there is “wriggle room” in the event of rental voids and to cover costs. This is not generally calculated at the pay rate i.e. the interest rate on the product but a nominal rate decided by the lender[…..]

What legal responsibilities does a Landlord have?

As a landlord you have a legal responsibility to keep the property you are renting safe and free from health hazards. Agents can take this hassle away and offer service from just tenant finding to full property management. If you decide this is the route for you shop around to see who can offer you the best service.[…..]